Dimensional US Small Cap Value ETF Hits Oversold Mark Amid Market Shifts
On Monday, the Dimensional US Small Cap Value ETF (Symbol: DFSV) saw its shares drop into oversold conditions, trading as low as $30.28 each. A stock is categorized as oversold when the Relative Strength Index (RSI) dips below 30. The RSI is a tool used by traders to gauge market momentum, measuring from zero to 100. The current reading for DFSV is 29.9, while the S&P 500 has a higher RSI of 39.2.
For investors who adopt a bullish outlook, the RSI of 29.9 might signal that the selling pressure on DFSV may soon subside, potentially presenting a buying opportunity.
Looking at the ETF’s performance over the past year, DFSV has reached a low of $27.1501 and a high of $34.23, with its last trade recorded at $30.40. The shares are currently down about 1.3% for the day.
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Also see:
- ZEUS shares outstanding history
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- Institutional Holders of XAR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
